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Jan 29, 2013
01/13
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Jan 6, 2013
01/13
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CNNW
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can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me, but what the president said, he's not going to deal, he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt ceiling is something that we should put behind us in a hurry. you know, i
can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me, but what the president said, he's not going to deal, he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, we're going...
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Jan 23, 2013
01/13
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they put the cuts in front and debt ceiling behind it. it is not like we've dealt with this debt ceiling problem. we have to deal with it come may. do i really think the market will have this big reaction as a result of this? i don't think so. i think the market is anticip e anticipati anticipating, which is why we have scent market move higher, right? testing this psychologically. i think what is really going to pierce that is what happens with apple. everyone is just sitting on their chair waiting on apple and so as you get some sense. listen, google had great numberes. but market is not taking off as a result of that, right? >> no, but it is also not selling off. transports are still higher as well. that confirms -- >> that all confirms. now we wait on apple. we will see if we tested pierce 1500. i think if we get to 1500 psychologically, it certainly means something. it will get the momentum and jumps on board. but i think in the end, that the debt ceiling cuts will continue to just cap a little bit. but not saying we will collapse at
they put the cuts in front and debt ceiling behind it. it is not like we've dealt with this debt ceiling problem. we have to deal with it come may. do i really think the market will have this big reaction as a result of this? i don't think so. i think the market is anticip e anticipati anticipating, which is why we have scent market move higher, right? testing this psychologically. i think what is really going to pierce that is what happens with apple. everyone is just sitting on their chair...
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Jan 9, 2013
01/13
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CURRENT
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one that would get -- they would cut the strings that the republicans want to attach to the debt ceiling. what's the other thing you are working ol to make sure this doesn't happen again? >> it's a reimplementation. this was elimination of hypocracy. what it would say is that when we voted on a budget the debt ceiling would be up or down to accommodate the budget we just voted for. you would have a joining rather than a separation of authorizing spending in the obligation to pay for it. so, let me give you an example, the ryan bucket my colleagues all voted for would require the debt ceiling to go up $5 trillion because it slashed taxes so much. in order to accommodate the budget they voted for, they voted when the debt ceiling comes up the high and mighty they are against big spending even though they sold it for a budget that required to go at $5 trillion. >> you have to face this question of what it means to the debt ceiling at the moment you authorized for the spending in the rant budget or the unfunded iraq or afghanistan wars. >> i hope you would explain that to some of the viewers
one that would get -- they would cut the strings that the republicans want to attach to the debt ceiling. what's the other thing you are working ol to make sure this doesn't happen again? >> it's a reimplementation. this was elimination of hypocracy. what it would say is that when we voted on a budget the debt ceiling would be up or down to accommodate the budget we just voted for. you would have a joining rather than a separation of authorizing spending in the obligation to pay for it....
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Jan 15, 2013
01/13
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CURRENT
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measures being -- the debt ceiling. this is all one conversation in their minds where the president is trying to move that away from -- move the deficit cutting away from the debt ceiling and we'll see who ends up successful on this. the republicans lost a big bargaining advantage when they gave up the tax cut discussion. that was tied to the fiscal cliff. at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting discussion or at least a lot less leverage. >> bill: the other big topic, the only other topic actually raised at the news conference yesterday other than whether or not you ele
measures being -- the debt ceiling. this is all one conversation in their minds where the president is trying to move that away from -- move the deficit cutting away from the debt ceiling and we'll see who ends up successful on this. the republicans lost a big bargaining advantage when they gave up the tax cut discussion. that was tied to the fiscal cliff. at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't...
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Jan 24, 2013
01/13
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CURRENT
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the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the nation's gun control debate, this could be the most polarizing issue. >> anybody can claim stand your ground and they could get away with murder. >> announcer: broadcasting across the nation on your radio and current tv, this is the "bill press show." >> bill: yes indeed. equality moves to the front lines as the pentagon today lifts the ban on women in combat. big move. a great move. hello, everybody. happy, happy thursday and welcome, welcome to the "full court press." coming to you live all the way across this great l
the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the...
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Jan 14, 2013
01/13
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KNTV
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ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and, by the way, i'm not going to negotiate on the debt ceiling. if past is pro log, i don't think the market or the private sector is going to pay attention to this until the last minute, which means sometimes in the first few weeks of february. >> do you think we will see spending cuts, and by the way, do you think we'll see even higher taxes, greg? >> well, i think we will but i don't think we're going to see it in the form of the grand bargain. i think that kind of both that phrase and that method of doing deals is basically dead. it just doesn't work. the president believes that the speaker of the house of representatives john boehner, he just can't deliver. republicans, there's a deep lack of trust with respect to the administration. my expectation is that you're going to see a lot of muddle through this year. you might see the debt ceiling raised in one-month increments. i think you're going to have to get used to this pervasive patchwork and lack of
ceiling if you don't cut spending and a president who says, first of all, i'm not going to cut spending unless you also raise taxes and, by the way, i'm not going to negotiate on the debt ceiling. if past is pro log, i don't think the market or the private sector is going to pay attention to this until the last minute, which means sometimes in the first few weeks of february. >> do you think we will see spending cuts, and by the way, do you think we'll see even higher taxes, greg?...
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raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the first all cliff debate in january we already raise taxes only raise taxes significantly so yes we need a huge debate about this time before thank you so much this is what brooks of public note and thank you. stay tuned because if we take a hard about f. warmer secretary treasury and fed chairman mandel larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side at soldering that straight down the madison avenue. clear image of the rock to replace a. twenty day taxi trip through the country. the road. evidence from north to south. the route of the rocky tragedy. after the war waiting for peace. talks e t. holy. moly. her mother. and. the speech. she gave. her. wish. to slum it so good. luck. and. the amount of money. i. know when we talk about the revolving door we often think about a shuttling people between washington and wall street but today we're going to highli
raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the first all cliff debate in january we already raise taxes only raise taxes significantly so yes we need a huge debate about this time before thank you so much this is what brooks of public note and thank you. stay tuned because if we take a hard about f. warmer secretary treasury and fed chairman mandel larry summers you won't believe what he did when he was president...
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Jan 15, 2013
01/13
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FBC
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one to take a stand on the debt ceiling, use that as leverage to try to extract spending cuts out of the white house. or, to not use that because it is a fairly sensitive subject as you've been discussing with market implications. maybe move on to have this showdown over spending, over an actual spending bill, continuing resolution that continues to fund the government which will expire in march. and sequestration, automatic cuts that will kick in about the same time. in other words, is the best tool here to use the debt ceiling or is the best tool to use spending bill and there are a lot of people in leadership who think let's not touch the debt ceiling argument that is toxic. let's focus on spending bills because that is the subject at hand. tracy: especially for the american people. the last thing they want to hear is we'll raise the debt ceiling again the notion we hit it back in december and they did accounting trickery to buy us some time i think that is disheartening as well. >> that's been done before. we already hit the debt ceiling that isn't commonly realized. the question
one to take a stand on the debt ceiling, use that as leverage to try to extract spending cuts out of the white house. or, to not use that because it is a fairly sensitive subject as you've been discussing with market implications. maybe move on to have this showdown over spending, over an actual spending bill, continuing resolution that continues to fund the government which will expire in march. and sequestration, automatic cuts that will kick in about the same time. in other words, is the...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes significantly so yes we need a huge debate on that this time before thank you so much this is what brooks of public note i thank you. stay tuned because we take a hard about f. warmer secretary treasury and fed chairman man larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side of that straight madison avenue. clear image of the iraq story a. twenty day taxi trip through the country. the roads. clear evidence from north to south. the route of iraqi tragedy. after the war waiting for peace. talks e t. let me let me i want to know what all let me ask you a question from. here on this morning is when we're out in the bay we have our knives out. but if you feel the slightest bad staying there again you're in a situation where the united states talk about your mail and me.
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes significantly so yes we need a huge debate on that this time before thank you so much this is what brooks of public note i thank you. stay tuned because we take a hard about f. warmer secretary treasury and fed chairman man larry summers you won't believe what he did when he...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the first real cliff debate in january we are to raise taxes only raise taxes significantly so yes we need a huge debate out this time before and thank you so much this is one what brooks of public note and thank you. stay tuned because we take a hard about f. one hundred secretary treasury and fed chairman mandel larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side of soldering that straight from the madison avenue state. of clear image of the rock to replace. twenty day taxi trip through the country. the road full of. clear evidence from north to south. the route of the rocky tragedy. after the war waiting for peace. talks e r t. more news today violence has once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day. do you think so. now when we talk about the revolving
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the first real cliff debate in january we are to raise taxes only raise taxes significantly so yes we need a huge debate out this time before and thank you so much this is one what brooks of public note and thank you. stay tuned because we take a hard about f. one hundred secretary treasury and fed chairman mandel larry summers you won't believe what...
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Sep 27, 2013
09/13
by
FBC
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eye 96
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and then they had a big fight over budget, and debt ceiling, and that -- and following quarter, growth of cut in half, so president, saying that it could happen again. that this uncertainty about the government shut down, may already be having an impact to the economy. once against president trying to put pressure on the republicans and talking to their spits at home -- constituents back home about potential impact of that, there history he said on his side. liz: we want to flag our viewers 5:00 a.m. eastern time monday, adam shapiro and fox business team will be live to watch any developments and bring you up to speed on anything happened over the week. looking at price action, it of the volatility index showing sign of stress. >> indeed, let's get to today's action robert russell, rust and company, saying all about hinging risk -- hedging risk, he will show us, and gareth with ways. robert to you, question of how much what is happening in the beltway is affecting what is happening in wall street. we have seen a downward move, no question for last week or so. some of that is affected
and then they had a big fight over budget, and debt ceiling, and that -- and following quarter, growth of cut in half, so president, saying that it could happen again. that this uncertainty about the government shut down, may already be having an impact to the economy. once against president trying to put pressure on the republicans and talking to their spits at home -- constituents back home about potential impact of that, there history he said on his side. liz: we want to flag our viewers...
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Jan 3, 2013
01/13
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he also warned house republicans not to use the debt ceiling vote to force cuts in social programs. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> eliot: for more on the fiscal cliff votes that transfixed washington this week i'm joined by vermont's independent senator bernie sanders who voted yes on the fiscal cliff bill. thank you for joining us. >> thank you, japan first. >> eliot: first explain why you came down in favor of this bill that is getting a fair bit of criticism from both sides of the aisle. >> it was a tough vote, and i would not be honest with you if i said i didn't consider voting no. if we go over the cliff and 5 trillion-dollar is taken out of the economy you're heading into a major recession, more unemployment. the fact that we prevented 99% of americans from paying higher income taxes very important. two million workers will continue to get unemployment benefits. very important. seniors on medicare will be able to walk into the doctor's office and get treated rather than see th
he also warned house republicans not to use the debt ceiling vote to force cuts in social programs. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> eliot: for more on the fiscal cliff votes that transfixed washington this week i'm joined by vermont's independent senator bernie sanders who voted yes on the fiscal cliff bill. thank you for joining us. >> thank you, japan first. >> eliot:...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the fiscal cliff debate in january we already raise taxes and we raise taxes significant so yes we need a huge debate on how to perform thank you so much this is what broke the public and i thank you. stay tuned because when we take a harder look after warmer secretary treasury and fed chairman front man the larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side of sovereign debt straight from madison avenue state. how is the new alert and if they should scripts scare me a little bit. there is breaking news tonight and we are continuing to follow the breaking news. the alexander family cry tears of the war and it is great things rather that there's. a wall around all the time there's a story. playing out in real life. the worst you're going to go. right out to the. radio for a minute. i want. to give you never seen anything like this i'm still. l
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the fiscal cliff debate in january we already raise taxes and we raise taxes significant so yes we need a huge debate on how to perform thank you so much this is what broke the public and i thank you. stay tuned because when we take a harder look after warmer secretary treasury and fed chairman front man the larry summers you won't believe what he did...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the fiscal cliff debate in january we already raise taxes and we raced back to significant so yes we need a huge debate on iraq this time before thank you so much as this one what broke the public now i thank you. stay tuned because when we take a harder look after her secretary treasury and fed chairman a front man a larry summers you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the lighter side of sovereign debt straight from the madison avenue state. here's mitt romney trying to figure out the name of that thing that we americans call a dollar. i'm sorry i missed the guy who cares an awful lot about my country you sir are a fool you know what kind of mind the terrorist cells in your neighborhood all want to give us a defeat terrorism be a liberal and the christian. can secure the borders. you know the polls are going to distract us from what you and i should care abou
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the fiscal cliff debate in january we already raise taxes and we raced back to significant so yes we need a huge debate on iraq this time before thank you so much as this one what broke the public now i thank you. stay tuned because when we take a harder look after her secretary treasury and fed chairman a front man a larry summers you won't believe...
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Oct 14, 2013
10/13
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FBC
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raise the debt ceiling, reopen the parts of the government that are closed and included spending cuts and mandatory health care ts as well. house republicans say they're waiting for a sponse from the white house on all of this. right now you have this sense in shington where their rhetoric has been gile down. folks in theouse are letting th negotiators for congressional leaders andhe3 white house talk this one out. there's a separate track going on in the scent. a number of republicans floating their own plans looking for democrats to sign on board which would closor open the governme for another year or fund the government for another year, raise t debeiling for short-termn the medical device tax and health care law. the number of proposals floating around that these white hse house republican negotiations are really the primary track right here. waiting to see. i have to tell you, democrats and republicans have been stuck on issues of taxes, revenues, government spending for years now. there are some certain things that they ccn do within that where they sort of agree and will be wi
raise the debt ceiling, reopen the parts of the government that are closed and included spending cuts and mandatory health care ts as well. house republicans say they're waiting for a sponse from the white house on all of this. right now you have this sense in shington where their rhetoric has been gile down. folks in theouse are letting th negotiators for congressional leaders andhe3 white house talk this one out. there's a separate track going on in the scent. a number of republicans floating...
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ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes inefficiently so yes we need a huge debate on how to perform thank you so much this is what brooks the public and i thank you. stay tuned because when we take a harder look after her secretary treasury and fed chairman a front man away from earth you won't believe what he did when he was president of harvard and then prime interest producer bob inglis and i explored the white house side of sovereign debt straight from the madison avenue state. wealthy british soil the sun. spot on to the tirelessly. cardinality. markets why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on. the eve. of the. now when we talk about the revolving door we often think about it shuttling people between washington and wall street but today we're going to highlight another s
ceiling which would raise the debt ceiling cut spending and have tax reform i think it's dangerous to have tax reform in this debate and look in the personal cliff debate in january we already raise taxes and we raise taxes inefficiently so yes we need a huge debate on how to perform thank you so much this is what brooks the public and i thank you. stay tuned because when we take a harder look after her secretary treasury and fed chairman a front man away from earth you won't believe what he...
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Mar 9, 2013
03/13
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wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july and august, where the united states was seriously talking about defaulting on the debt. we basically cut our job creation in half for that period. it was unprecedented. unnecessary, completely damaging economic sabotage. and washington keeps coming up with new and unusual ways to scare the economy, to take money and confidence out of the economy, none more twisted than taking the nation's credit rating and credit worthyness hostage. but washington, there is a way to stop doing it. it is not that complicated. just stop doing it. they could go home, go an vacation, don't d
wall street headline was boehner continues to link that debt ceiling to cuts. house speaker boehner on thursday said he would continue to insist the next debt ceiling cuts be matched by the spending cuts, raised by the prospect. there is something to look forward to. what happened to the economy when we had a high stakes showdown? we've seen this movie before. this chart is all you need to know. that red circle right there, that is the big dip in new jobs added to the economy in may, june, july...
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Jan 15, 2013
01/13
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CNBC
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we'll get his take on whether the debt ceiling should be used to force spending cuts from the government. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. >>> welcome back. this is the chart of the day. if this is going to continue right here and close, this is going to be the first time that apple closes below $500 since february of last year. so for this year apple is the worst performing stock on the nasdaq 100 and the second worst on the s&p 500, bill. >> our herb greenbe
we'll get his take on whether the debt ceiling should be used to force spending cuts from the government. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living...
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Oct 11, 2013
10/13
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FBC
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so they made an offer last night , certain spending cuts to raise the debt ceiling, open the government back up or whatever part is not yet open, and they're waiting on a counter offer. meanwhile in the senate, fuse and the republicans are floating impactive of a plant, along with open up the government for about a year, short-term debt increase in exchange for repealing the device tax and the new anti-fraud verification system so that those don't abused government credits will sign up for obamacare, something a handful of republicans are selling to their colleagues. a number of different talks in the senate. announces mostly between the house leaders. over at the white house it is the beginning of these negotiations. short-term debt ceiling proposals that the house put out yesterday at what an increase the debt ceiling today, that really get things moving at the white house. so that offer is still on the table, something republicans still have to increase the debt ceiling until november charges second. everything else is a holding pattern. especially a vote on that. we are still waitin
so they made an offer last night , certain spending cuts to raise the debt ceiling, open the government back up or whatever part is not yet open, and they're waiting on a counter offer. meanwhile in the senate, fuse and the republicans are floating impactive of a plant, along with open up the government for about a year, short-term debt increase in exchange for repealing the device tax and the new anti-fraud verification system so that those don't abused government credits will sign up for...
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. >> but on the debt ceiling, most americans agree they want it attacked to spending cuts. if most americans can understand that fundamentally attaching to the debt ceiling spending cuts is a reasonable thing to do, why isn't the president listening to the american people, if not congress? >> because i think there are -- it's not so easy to understand how the budget works. if the debt ceiling -- look, i've a deficit hawk, but if you don't fund our bills, you will precipitate a worldwide collapse. >> we're not talking about funding our bills. we'll fund the bills and we want spending cuts. >> certainly you can have your cake and eat it, too? >> yes. why can't we do both? >> first of all, i would like to say both of these parties are responsible for the massive debt. they've been in charge for 150 years. how do they run from that? >> and in fact, if they ran their home finances the way they've run the government finances, they would be bagless homeless people living on the streets right now. >> sounds pretty good to me. >> back to whether congress should vote to make good on
. >> but on the debt ceiling, most americans agree they want it attacked to spending cuts. if most americans can understand that fundamentally attaching to the debt ceiling spending cuts is a reasonable thing to do, why isn't the president listening to the american people, if not congress? >> because i think there are -- it's not so easy to understand how the budget works. if the debt ceiling -- look, i've a deficit hawk, but if you don't fund our bills, you will precipitate a...
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Jan 2, 2013
01/13
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the last debt ceiling deal. that's the only way you got them. you can't count them twice. we got them. it's done. it's now time to deal with more spending cuts and entitlement reform. there's simply no other way to get there. this is not a revenue issue. i mean, we've just increased revenue, again, as adam said, both with the payroll tax and on high-income earners. it's time for the government to actually go on a diet, and it's time for us to make some really tough entitlement decisions that's going to take presidential leadership. >> all right, gentlemen. thank you both. i think we're in for a rough few months beforehand, but happy new year. thank you poet for joining us today. >> thank you. >> i don't know. >> i think you're right, bill. not just here. the world's attention is focused on this issue. thought we might wake up jan 1 and have some clarity. >> it's in two pieces, taxes last night and spending cuts coming, and that's going to be the tough one right there. in the meantime though, the market is moving
the last debt ceiling deal. that's the only way you got them. you can't count them twice. we got them. it's done. it's now time to deal with more spending cuts and entitlement reform. there's simply no other way to get there. this is not a revenue issue. i mean, we've just increased revenue, again, as adam said, both with the payroll tax and on high-income earners. it's time for the government to actually go on a diet, and it's time for us to make some really tough entitlement decisions that's...
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diane: if this passes you still have to deal with spending cuts in the debt ceiling, of course. will that turn into another showdown? rich: absolutely. because there are really no significant spending cuts in here republicans are still sticking to their opening point which is any increase in the debt ceiling must be accompanied by spending cuts of equal values. that is something that republicans are going to have to the move the ball on. he also after member and a couple of months we're going to deal with government spending in general, what is known as a continuing resolution which funds the federal government, the discretionary part of the federal government. that expires in a couple of months and is something that we're going to have to deal with as well. lots of spending issues appeared. congress really at the end of this week if this goes through. diane: we are watching nancy pelosi speaking their excess your right. we are also -- one of the things we heard from the gop a year earlier, i said to your right. i should say to allow for people watching, but we heard from a gop
diane: if this passes you still have to deal with spending cuts in the debt ceiling, of course. will that turn into another showdown? rich: absolutely. because there are really no significant spending cuts in here republicans are still sticking to their opening point which is any increase in the debt ceiling must be accompanied by spending cuts of equal values. that is something that republicans are going to have to the move the ball on. he also after member and a couple of months we're going...
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Jan 22, 2013
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. >>> house republicans are giving up their fight to tie the debt ceiling to spending cuts. will that make a deal easier? what does it mean for your taxes? one influential congressman will join us and give us answers. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> another difficult day for boeing shareholders. shares are still under pressure. it's becoming clear the quick fix that boeing had been hoping for over its 787 dreamliner problems is becoming much less likely. fill lebeau has the latest on this. not a good situation at all for boeing. >> it's tricky. they still don'tfor the two inc. they have to peel back the onion further. i have had people saying what are they doing at boeing? are they working with the ntsb? a lot of it is centered around the everett factory, where the dreamliner is built they are out there doing tests, working in teams. i'm told it's hundreds of employees working on this 787 problem. they're not in one central location, but spread out throughout the bo
. >>> house republicans are giving up their fight to tie the debt ceiling to spending cuts. will that make a deal easier? what does it mean for your taxes? one influential congressman will join us and give us answers. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> another difficult day for boeing shareholders. shares are still under pressure. it's becoming clear the quick fix that...
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Feb 10, 2013
02/13
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CNNW
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the results of a deal to end a debt ceiling debacle in 2011. next while congress takes a two-week break for easter and passover, funding for the federal government will expire. that means a shut-down if congress doesn't act in time. and april 15th, thanks to the no budget, no pay act, the house and senate must pass a senate or they stop getting paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the downgrade of america's credit rating. the consequences for you could be dire. your borrowing costs would likely rise along with your taxes. you could expect cuts to the programs and government services you rely on. jon king is cnn's national correspondent. jon, president obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there something more he could be doing to end the small thinking about big problems that has become the norm in our nation's
the results of a deal to end a debt ceiling debacle in 2011. next while congress takes a two-week break for easter and passover, funding for the federal government will expire. that means a shut-down if congress doesn't act in time. and april 15th, thanks to the no budget, no pay act, the house and senate must pass a senate or they stop getting paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the...
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Jan 15, 2013
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rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. as long as it comes with curbing loopholes and tax reductions for wealthier individuals. congress should just do it. back to you. connell: let's bring in dylan glenn. former advisor to george w bush. rich said that republicans have reasons for not having this meeting today. the president is standing back and think i am not negotiating on this and the republicans are all over the map. >> i do not think that this is a big deal. i do not see that as a big issue. what is coming out of this weekend retreat is far more important. connell: i would like to be a fly on the wall for that. >> also what is important is to remember how we got here. he has run trillion dollar deficits for the past four years of his administration. you have to pass a budget in the united states se
rich: republicans trying to figure out their opening position on the debt ceiling. democrats and the white house have already come out with theirs. president obama saying that he is not negotiating it. he says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. as long as it comes with curbing loopholes and tax reductions for wealthier individuals. congress should just do it. back to you. connell: let's bring in dylan glenn. former advisor to george w...
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Jan 14, 2013
01/13
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do they really think that congress is going to go along with raising the debt ceiling without demanding cuts in social security and cuts in medicare? no way. trust me. within a couple of weeks, the white house is going to be coming back and saying maybe we ought to do that trillion dollar coin after all. we will talk about that and more here but first take a little time out to get the latest. today's currents news update this morningnday morning. lisa ferguson has it out in los angeles. >> hey, bill. good morning, everyone. vice president joe biden is meeting with the house today getting ready to, to put together that list of recommendations to curb gun violence. there is one point where both sides agree, punishing people who lie on their background checks. until 2010, nearly 80,000 people were denied guns for lying or giving inaccurate information about their criminal history. but, only 44 of those people were actually charged with a crime. this is one of the issues joe biden's task force is looking at and we can last timing expect his plan to include a stronger focus on background che
do they really think that congress is going to go along with raising the debt ceiling without demanding cuts in social security and cuts in medicare? no way. trust me. within a couple of weeks, the white house is going to be coming back and saying maybe we ought to do that trillion dollar coin after all. we will talk about that and more here but first take a little time out to get the latest. today's currents news update this morningnday morning. lisa ferguson has it out in los angeles....
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Oct 13, 2013
10/13
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no spending cuts attached versus a messy debt ceiling extension, meaning one with spending cuts or tax hikes attached. on thursday, house republicans presented mr. obama with a proposal, to end the debt ceiling deadlock. republicans will vote to raise the debt ceiling enough to last through november 22. in exchange, mr. obama will agree to negotiate with republicans over spending cuts. on wednesday, the president met separately with house democrats to prepare them for the coming compromises. according to congressman jerry conley, who was at the meeting. conley says obama told house democrats they, quote, need to be prepared to give and take, unquote. and quote, we weren't going to win everything, unquote. financial markets cheered the breakthrough. the dow rose 272 points moments after the breakthrough announcement. but the debt ceiling proposal will not end the government shutdown. republicans and democrats remain at loggerheads over the 2014 federal budget. >>> question, what made president obama change his position on negotiating with the republicans over the debt ceiling? >> well,
no spending cuts attached versus a messy debt ceiling extension, meaning one with spending cuts or tax hikes attached. on thursday, house republicans presented mr. obama with a proposal, to end the debt ceiling deadlock. republicans will vote to raise the debt ceiling enough to last through november 22. in exchange, mr. obama will agree to negotiate with republicans over spending cuts. on wednesday, the president met separately with house democrats to prepare them for the coming compromises....
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the decision on america's multi-trillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. literally and set to vote on guaranteed monthly handouts worth thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security. this is already coming to you live from moscow i'm marina welcome to the program and leading us tech companies are seeking to undo the damage from the n.s.a. scandal that revealed their part in government spy programs the internet giants are asking the federal court to lead them reveal details about the agency's data requests a move that's been slammed by the justice department music often of looks at what could have prompted this fight for transparency. in the wake of the u.s. national security agency scandal much of the tech industry has grown critical of government snooping some companies named as partners in the n.s.a.'s prism program including google and facebook even sued the u.s. in order to set the record straight they're hoping to fight the percep
the decision on america's multi-trillion dollar debt ceiling raises fears for the world economy while the government cuts back on space missions to save itself from default. literally and set to vote on guaranteed monthly handouts worth thousands of dollars in a pilot scheme to provide citizens with a lifetime of financial security. this is already coming to you live from moscow i'm marina welcome to the program and leading us tech companies are seeking to undo the damage from the n.s.a....
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Jan 14, 2013
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he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking about it an awful lot. >> great question, carl. it's a political question. you can default on the interest payments, and that's a sort of, i guess the technical or legal version of default. or you can default on obligations. in other words, the government incurs a debt, but doesn't pay it. that's of a different order of magnitude from defaulting on the interest payments on the debt. in general, the white house wants you to believe that default is everything. and it's a terrible, terrible thing to happen. where as i think the republican point of view is more narrow, that you can default on other payments and still use the incoming cash flow from the treasury to make those interest payments. certainly we will have that cash flow to make those interest payments. the question becomes, remember what the meaning of the word is, we're now in a world of, carl, we're going to deba
he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking about it an awful lot. >> great question, carl. it's a political question. you can default on the interest payments, and that's a sort of, i guess the technical or legal version of default. or you can default on obligations. in other words, the government incurs a...
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i brought up the debt ceiling. >> that's what this fight is all about. >> republicans want spending cuts in exchange for the debt ceiling. >> what the president has already done is he sat down with republicans. democrats sat down with republicans. they came up with a deal, a deal that steny hoyer and others said this is not a good deal for us. they werevociferous. there's a very simple way to solve this. my name was bill, i was brought up on schoolhouse rock. i'm just a bill. all fact based. >> true. >> if they just have the vote, if there is a bipartisan majority, why the theatriree a theatrics. all over a law that was passed by the house, passed by the senate, ratified by the supreme court of the united states. >> shame. this was crammed down the people's throats. and it is not, it is not popular. and obama has refused to back off of it at all, because, as matt lauer said, this is obama's baby. this is not about obama and his nas sichl, no offense, i know you used to work for him. this is about the best interest of the united states. i don't care if it's his baby. he is going to, in th
i brought up the debt ceiling. >> that's what this fight is all about. >> republicans want spending cuts in exchange for the debt ceiling. >> what the president has already done is he sat down with republicans. democrats sat down with republicans. they came up with a deal, a deal that steny hoyer and others said this is not a good deal for us. they werevociferous. there's a very simple way to solve this. my name was bill, i was brought up on schoolhouse rock. i'm just a bill....
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Jan 6, 2013
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. >> we have yet to cut one dime from the last debt ceiling agreement and it's time to do it again. we've got to stop the madness. this is the 18-year-old kid on the credit card. they maxed out the card and instead of cutting it up and putting them on a budget, obama says give them a new credit card. >> yes, we have to do more cuts. the president's been clear, he put on the table $1.2 trillion in cuts proposal combined with $1.2 trillion of revenue. the only reason we weren't able to do forward is house republicans decided not to follow speaker boehner. >> john roberts is filling in on "fox news sunday" for chris wallace. great to see you. >> great to see you too. if that discussion is any indication, the next eight weeks are going to go interest on capitol hill with a lot of fur flying. >> can you see them agreeing on anything? >> absolutely not. mitch mcconnell laid down a marker saying we're done with the revenue side. we're not accepting any revenue generated off the backs of the american public. the president is saying i want more, i want another $600 billion as chris van holla
. >> we have yet to cut one dime from the last debt ceiling agreement and it's time to do it again. we've got to stop the madness. this is the 18-year-old kid on the credit card. they maxed out the card and instead of cutting it up and putting them on a budget, obama says give them a new credit card. >> yes, we have to do more cuts. the president's been clear, he put on the table $1.2 trillion in cuts proposal combined with $1.2 trillion of revenue. the only reason we weren't able...
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Jul 24, 2013
07/13
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if they have more spending cuts because of the debt ceiling, will that grow next year's economy faster? >> yes, it will, but let me say, i do agree with austin. the sequester is a meat axe approach, it did not mean we should not cut spending, we should cut it in the least useful programs. that i agree with. anyone that said, that increase in government spending at this stage will stimulate the economy is crazy. when the republicans try to get better, bigger and more pro growth spending cut, that is perfectly correct of them to do. if they deny it and go through with the debt ceiling, that could be too much. >> that would be too much. >> that would be real dumb. threatening and talking and negotiating about it and doing quid pro quo is great and i think they should. >> your man still has, we are facing tax hikes, we had one tax hike this year and a lot of obama tax hike coming in and regulatory burdens, i want to hear you defend the war against coal and carbon emissions. these things will slow down growth. these things are -- >> i have to cut you off, and i have to put 5 more things in
if they have more spending cuts because of the debt ceiling, will that grow next year's economy faster? >> yes, it will, but let me say, i do agree with austin. the sequester is a meat axe approach, it did not mean we should not cut spending, we should cut it in the least useful programs. that i agree with. anyone that said, that increase in government spending at this stage will stimulate the economy is crazy. when the republicans try to get better, bigger and more pro growth spending...
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Jan 15, 2013
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and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> t predent claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. and investors have a pretty good feel for how this cliffhanger ends. >> they don't really care about the brinksmanship until they are right up to the brink, but also, the more dangerous the fall, off the brink, they figure the less likely tt it going to happen. >> reporter: treasury secretary timothy geithner told congress today that unless it acts, the nation wil
and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> t predent claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we...
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Oct 11, 2013
10/13
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the plan wod give t esident this 6-week extension ofhe debt ceiling that would push pential default back unti november 22nd read before thanksgiving. both parties wou b appointed to try and work out aroader budget package of the president agrees to sit and talk about spending cuts and tax reform as part of a deal toet the governme back open. >> it is time f these negotiations and is compensation to begin, and i wou hope that the president would look this an opportunity and a good-faith effort i apart to move halfway. >> reporter: that means death speaker is givin the psident to clean extension of the debt ceiling but is not opening the government without conditions. nonetheless the white use seems eager for at least a partial deal. ite house spokesman offered sues the market.s designed ted the dow soared by over 300 points on speculation f a potential deal >> the predent is happy that cooler heads seem to be prevailing. there a least seems to be recognition that the fault is not an option. >> there are still huge road blocks starting with wheth the ker can getnough tes to raise the debt
the plan wod give t esident this 6-week extension ofhe debt ceiling that would push pential default back unti november 22nd read before thanksgiving. both parties wou b appointed to try and work out aroader budget package of the president agrees to sit and talk about spending cuts and tax reform as part of a deal toet the governme back open. >> it is time f these negotiations and is compensation to begin, and i wou hope that the president would look this an opportunity and a good-faith...
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Jan 10, 2013
01/13
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>> the leverage they have to debt ceiling that get to spending cuts, debt ceiling will be there you have to adjust it somehow, let's get to spending cuts. gross domestic product is -- >> the president said we don't have a spinnin spending problem. congressional black caucus said leave the entitlements alone. and with show much left off the table and feeling emboldened by polls that say keep sticking it to the rich. when are they going to do anything. >> that is the problem, you have to cut on some indict illment, and you have -- entitlements. neil: i know you are right, but the democrats fils feel the wins thwind isat their back. >> the issue is any spending increase, and any tax cut has to start in the house of representatives. when you give that up. >> game over, joe, now. you talk about the balance of tax hikes. >> in terms of tax hikes? my friends are not going to like this on wall street, if you don't have paid in capital in hedge fund you should not get capital gains treatment. >> you would be -- >> i would be surgical at this point. neil: you would -- >> i would take away certain
>> the leverage they have to debt ceiling that get to spending cuts, debt ceiling will be there you have to adjust it somehow, let's get to spending cuts. gross domestic product is -- >> the president said we don't have a spinnin spending problem. congressional black caucus said leave the entitlements alone. and with show much left off the table and feeling emboldened by polls that say keep sticking it to the rich. when are they going to do anything. >> that is the problem,...
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Jan 3, 2013
01/13
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on the debt ceiling. >> right. they also want to have the kind of -- they also won't have the kind of attention the fiscal cliff was getting the end of the year and such a big disaster coming, that they were talking about -- that really changes the game a lot and it seems pretty clear from what mitch mcconnell and others among the senate republicans and their aides are talking about here, that they -- that was not a mistake. they went into that thinking okay, the president has basically backed us up against a wall. we can't let the fiscal cliff happen. we can't let the tax issue be lost. but we can come back and do much more. >> bill: so let me ask you a quick -- when the president says -- as he said, i'm going to refuse to negotiate on the debt ceiling. i'm not going to get into any back and forth over the debt ceiling. can he really hold to that promise? >> that seems like a promise that he cannot hold to. i think the congressional republicans probably agreed to that statement with the response of you think so? b
on the debt ceiling. >> right. they also want to have the kind of -- they also won't have the kind of attention the fiscal cliff was getting the end of the year and such a big disaster coming, that they were talking about -- that really changes the game a lot and it seems pretty clear from what mitch mcconnell and others among the senate republicans and their aides are talking about here, that they -- that was not a mistake. they went into that thinking okay, the president has basically...